IMF updated its GDP growth forecast for Armenia: 6% in 2018 with a slowdown in 2019 to 4.8%

ArmInfo.The International Monetary Fund (IMF) has updated its GDP growth forecast for Armenia: 6% in 2018, with a slowdown in 2019 to 4.8%. This is noted in the
IMF's October Prospects for the Development of the World Economy.

The same report provides an updated forecast for the ratio of the
current account deficit to GDP - 3.8% in 2018, while maintaining this
bar in 2019.

In the countries of the Eurasian space, in particular in Russia, the
IMF forecasts GDP growth in 2018 by 1.7%, with growth accelerating in
2019 to 1.8%. The current account surplus of the Russian Federation
to GDP, according to the IMF report, will be 6.2% in 2018. with a
decrease in 2019 to 5.2%. Belarus's economic growth in 2018 is
projected at 4%, with a slowdown in 2019. up to 3.1%. The current
account deficit in Belarus GDP in 2018 will be 2.5%, with an increase
in 2019 to 4.2%. Kazakhstan's GDP will increase in 2018 by 3.7%, with
a slowdown in 2019 to 3.1%. The current account deficit in relation
to Kazakhstan's GDP in 2018 will be 0.2%, but for 2019 the IMF
forecasts the current account surplus to GDP at 0.2%. The economy of
Kyrgyzstan will show an increase of 2.8% in 2018 with an acceleration
of the pace in 2019 to 4.5%. The ratio of the current account deficit
to the GDP of Kyrgyzstan will be 12.3%, with a decrease in 2019 to
11.8%.

In neighboring countries, particularly in Georgia and Azerbaijan, the
IMF forecasts GDP growth in 2018 by 5.5% and 1.3%, respectively. In
2019, according to the IMF forecast, in Georgia it is expected a
slowdown in GDP growth to 4.8%, and in Azerbaijan an acceleration of
growth to 3.6%. The current account deficit of Georgia's GDP by the
IMF expects in 2018 at the level of 10.5% and in 2019 at 10.2%. In
Azerbaijan, according to the IMF forecast, the current account
surplus to GDP is forecast at 6.6% in 2018 and 8.1% in 2019.

Note that according to updated in June of this year. the World Bank's
forecast for 2018, Armenia's GDP growth will be 4.1%, with a slowdown
to 4% in 2019-2020. According to the forecast of the Central Bank of
Armenia updated in August, GDP growth in 2018 will be 5.6-6.9%, in
2019 - 4.6-6.4% and in 2020 - 4.1-6.2%. In the state budget of the
Republic of Armenia for 2018, GDP growth of 4.5% is laid. According
to the National Statistical Service of Armenia, Armenia's GDP grew by
7.5% in 2017 to 5.580 trillion drams ($ 11.6 billion). A year
earlier, in 2016, GDP growth slowed to 0.2% from 3.2% in 2015. The
GDP deflator index in 2017 was 102.2%, against 100.5% in 2016 and
101.2% in 2015.